Yes, the LIBOR scandal affects you too...

[obgyn65]

Have you seen this, from the WSJ :

Yes, the Libor Scandal Affects You - Real-Time Advice - SmartMoney

The latest financial scandal does not bode well for investors.

By the way where were the auditors, in this case PwC for Barclays ?

 

[ratto]

How about this new bombshell: New York Fed Responds to Congressional Request for Information on Barclays - LIBOR Matter - Federal Reserve Bank of New York ?

 

[travelover]

..................
By the way where were the auditors, in this case PwC for Barclays ?

I'm increasingly convinced that the banks are crooked and own congress. We are screwed.

 

[M Paquette]

How about this new bombshell: New York Fed Responds to Congressional Request for Information on Barclays - LIBOR Matter - Federal Reserve Bank of New York ?

"... these estimates became increasingly hypothetical"

Oh, I HAVE to remember that phrase! It appears to be a nicely turned way of saying that someones numbers are BS.

 

[ERD50]

"... these estimates became increasingly hypothetical"

Oh, I HAVE to remember that phrase! It appears to be a nicely turned way of saying that someones numbers are BS.

That is classic.

Here's a more 'street version' - same idea (couldn't find it on youtube, hopefully this links OK):

Truth about the band from The Blues Brothers | Anyclip

Elwood Blues: What was I gonna do, take away your only hope?
Take away the very thing that kept you going in there?

I took the liberty of BS'ing you. Okay?


Joliet' Jake Blues: You lied to me.

Elwood Blues: It wasn't lies. It was just BS.

-ERD50